Leaving country was a mistake; ready to surrender; will reveal big names: IMA MD Mansoor Khan

News Network
June 23, 2019

Bengaluru, Jun 23: In a sensational twist to the multi-crore IMA investment scam, the absconding MD of the company, Mohammad Mansoor Khan, has now offered to surrender and cooperate with the investigation. Mansoor on Sunday released an 18-minute video, which was posted on the IMA's YouTube group and claimed that leaving the country was a 'mistake' but added  that he was compelled to do so as people close to him had backstabbed him.

He even claimed that he had gone to the airport on June 14 to return to India, but was off-boarded by the authorities, who allegedly told him to meet immigration officials. He however, did not disclose his location. "I did go to the immigration department, but no officials were present as it was a Friday," he said.

“It was a mistake to flee my country but my own people within the management and those who were close to me backstabbed me. Politicians who were close to me became a threat to my life, which forced me to hide my family in India and leave the country. Everything happened in a hurry and nothing was planned," Mansoor said.

In the video he is seen with a trimmed beard and said he did this to prevent people from recognizing him. Mansoor  requested Bengaluru city police commissioner Alok Kumar to contact him on his Indian mobile number and share with him the details of people he should meet to cooperate with the investigation. "I have decided to come and appear before the investigating agency and explain everything to them," he said.

From its inception in 2006 till 2019, IMA has given Rs 12,000 crore in monthly returns to investors and nearly Rs 2,000 crore capital investment to them, Mansoor claimed adding that he has property worth Rs 1,350 crore, which will be liquidated to pay the investors.

The IMA MD asserted that "99 per cent of people" were spreading fake news on IMA and clarified the he was not running a Ponzi scheme, but a genuine business.

"I have made a list of people responsible for the collapse of IMA and details of those who intend to make me bankrupt. I also have the list of people who extorted money from me by threatening to harass me, which I'll disclose to the investigating agency," he said.

He claimed many powerful people are involved in the business. "If I name them now, they will hunt down my family members and kill them. They are powerful enough to track me and kill me as well," Mansoor said. Reiterating his charge that Shivajinagar MLA R. Roshan Baig has taken Rs 400 crore from him, Mansoor requested Alok Kumar to question him and said Baig cannot wash  his hands off saying there is no proof. He also requested for a CBI inquiry, as many powerful people are involved. Reacting to the video, the police said they have not yet ascertained its veracity.

The state government had formed an 11-member SIT, headed by DIG BR Ravikanthe Gowda, to probe the alleged fraud. Over 40,000 complaints have so far been filed against the company by investors, demanding refund of their investments.

IMA directors have stolen gold: Mansoor

I Monetary Advisory (IMA) Managing Director Mohammad Mansoor Khan, who is currently on the run, has now accused the board of directors of emptying gold from the vault in the jewellery showrooms run by the company. In a video he released on Sunday and posted on IMA's YouTube group, Mansoor said that he had received information that some directors had backstabbed him, by stealing gold and silver from the vault with the help of other staff.

"There were 120 kg of solid jewelley and 600 kg bullion gold in the vault and I have received information that most it has been moved from the vault by board of directors Nizammuddin Azeemuddin, Mohammad Wasim (Mansoor's cousin), Khalid Ahmad (Construction worker for IMA) his son Fahad Ahmad, along with the help of other staff," he said

Mansoor Khan further claimed that another board of director Naveed Ahmed was involved in financial fraud. Meanwhile, all the 12 board of directors including the one Mansoor accused of theft are in police custody and are being interrogated.

Mansoor Khan also alleged in the video that former Rajya Sabha Member K. Rahman Khan, Congress worker Mohammad Obaidullah Sharief, MLC Sarvananju, an Urdu newspaper editor Khaliq Ahmad, Mukhtar Ahmad, who was booked under TADA, Fairoze Abdullah of Fairoze Estate, Saif of Zaid Chit Funds, Mufti Iftikhar Ahmad Qasmi, Mufti Shamshuddin Bijli and Moulana Zainul Abideen, were involved in 'financial settlements' and have pocketed investors money.

The SIT probing the IMA scam has so far raided IMA Jewels' showroom at Jayanagar have seized 43 kg gold worth Rs 13 crore, 5,864 carat of diamond worth Rs 17.6 crore, 520 kg of silver worth Rs 1.5 crore and precious gems worth Rs 1.5 crore. The SIT found 1.5 kg of gold, 1.5 kg silver and Rs 2.69 lakh cash from Mansoor's third divorced wife Tabassum's house in Shivajinagar.

Similarly, the SIT seized 30 kg gold, 2600 carat diamond and 450 kg silver from IMAs Jewels showroom in Shivajinagar estimated value of which is around Rs 20 crore.

Did directors empty gold from vault?

Absconding IMA MD Mohammad Mansoor Khan has in the video released on Sunday, accused his company's board directors of emptying gold from the vault of his jewellery showrooms. He said he had received information about a few directors backstabbing him and stealing gold and silver with the help of other staff. "There was 120 kg of jewellery and 600 kg bullion gold in the vault and I have received information that most of it has been moved from the vault by board directors Nizammuddin Azeemuddin, Mohammad Wasim (Mansoor's cousin), Khalid Ahmad (construction worker for IMA), his son Fahad Ahmad, along with the help of staff," he said.  

He further claimed that another board director, Naveed Ahmed was also involved in the financial fraud. Meanwhile, all 12 board directors  are being interrogated.

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coastaldigest.com web desk
July 25,2020

Chennai, July 25: A widow living alone in her apartment in Chennai city suburbs has filed a police complaint against ABVP national president Dr Subbiah Shanmugam, accusing him of harassment, including urinating and throwing used surgical masks at her doorstep.

Shockingly, no action has been taken so far by the police, even though the complaint against Dr Shanmugam, who is in government service, was filed on July 11 at the Adambakkam Police Station here by the widow’s relative Balaji Vijayaraghavan. 

Dr Shanmugam and the 62-year-old widow were living in the same apartment complex in Nanganallur and an argument broke between them over a parking slot. “He wanted to use our parking lot. We agreed but demanded a nominal charge for using it. He was outraged by our demand and even broke our signboard at the parking lot,” Vijayaraghavan wrote in his complaint.

He also alleged that Dr Shanmugam began harassing her by throwing “pieces of chicken” outside her apartment despite knowing she is a vegetarian. Vijayaraghavan also alleged in his two-page written complaint that the ABVP National President had urinated outside the woman’s apartment gate and had been throwing garbage and used masks at her gate.

The 62-year-old woman has been living alone in her apartment for the last year following her husband’s death. In his complaint, Vijayaraghavan also said the family was “concerned about her safety”, while asking police to take action against Dr Shanmugam, who he says, “has a bad track record in maintaining rapport with neighbours.”

CCTV footage corroborates with the allegations of urinating outside the residence of the widow. However, the ABVP claimed the incident as a “malicious and derogatory propaganda” by the Congress’ student wing of NSUI.

Also Read: Finally FIR registered against ABVP national president for allegedly harassing widow

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coastaldigest.com news network
May 20,2020

Bengaluru, May 20: An Air India flight from Dammam in Saudi Arabia landed here with 161 passengers, including 85 for Karnataka and 76 to Hyderabad, an official said on Wednesday. Among Karnataka passengers there were both Bengalureans and Mangalureans.

"AIC-1910 (Airbus A321-211) landed at the city airport at 8.45 p.m. and 85 passengers, including 9 women and one infant alighted here, while 76 will fly to Hyderabad," the airline official said. 

The flight was 45 minutes behind schedule to Bengaluru.

The airline staff and the state government officials received the returnees in the arrival terminal and gave them masks to wear and sanitizer to wash hands.

All the passengers would be screened with thermal device to read their body temperature though only asymptomatic were flown back.

After completing formalities, including immigration check and filling the self-declaration form, the returnees were taken in state-run buses in batches for 14-day institutional quarantine in hotels and resorts across the city.

Passengers have to download the mandatory Quarantine app on their mobile phone before leaving the airport for contact tracing later.

Another evacuation flight from Kuala Lampur in Malaysia to Bengaluru has been cancelled due to Amphan cyclone over the Bay of Bengal that hit the Odisha and West Bengal on the east coast.

The service was the fourth to the southern state in the second phase of Vande Bharat Mission, the national carrier and its Express arm are operating to repatriate thousands of Indians, including distressed workers, migrants, students, senior citizens and tourists, stranded overseas since the government suspended international flights on March 23 and enforced an extended lockdown on March 25 to combat Covid-19 spread.

The first flight in the second phase landed on Monday night at Mangaluru on the state's west coast, with 177 passengers from Dubai in the UAE.

The second flight to the southern state from Kuala Lumpur in Malaysia landed here (Bengaluru) on Tuesday evening, with 94 passengers.

The third flight from Muscat in Oman landed here at 6.31 p.m. on Wednesday evening and at Mangaluru on the state's west coast at 8.01 p.m.

The remaining flights to Karnataka will land in Bengaluru and Mangaluru over the next 13 days till June 3 from 12 more destinations the world over.

In the first phase of the mission from May 7-17, the airline and its arm flew 6 flights to the state from May 11-15, bringing in 800 passengers, including 623 to Bengaluru and 177 to Mangaluru from London, Singapore, San Francisco and Dubai.

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News Network
April 13,2020

Bengaluru, Apr 13: Karnataka Chief Minister BS Yediyurappa today held a review meeting with his cabinet colleagues and senior officials regarding prevailing coronavirus situation and several other important issues in the state.

Chief Secretary TM Vijay Bhaskar was also present at the meeting. The possible situation once the COVID-19 lockdown is lifted was discussed along with the financial status of the state government and how to mobilise additional resources, sources said.

The Chief Minister also appealed to sugar factory owners to clear the pending payment to the tune of Rs 2834 crore to farmers in 11 districts. He also said that the government has released Rs 45 crore compensation to farmers for loss of paddy crop in Raichur and Koppal District due to hailstorm based on a report submitted by District Collectors.

Amid the lockdown distribution of free milk to the poor will also be continued for one more week, sources added.

The meeting also decided to speed up disposal of cases related to the regularisation of unauthorised constructions which are pending before the High Court and Supreme Court.

In addition to this, the government is planning to auction more than 12,000 corner sites lying idle in Bengaluru. An amendment to the law governing permission to allow sites in private and co-operative housing societies will be made. Hundreds of societies are waiting for approval from the government for releasing the sites, sources said.

It was also decided to utilise Rs 1,000 crore available at Rajiv Gandhi Health University to upgrade medical college hospitals.

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